Spotify Will Cut About 6% of Jobs in Latest Tech Layoffs
- Chief content & advertising business officer to leave company
- Music streaming giant joins Amazon, Meta trimming ranks
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Spotify Technology SA is planning to cut about 6% of its employees, or around 600 employees, joining a slew of technology companies from Amazon.com Inc. to Meta Platforms Inc. in announcing job cuts to lower costs.
The move was announced in a filing Monday morning, confirming reports from over the weekend that there would be job cuts. Most departments will be impacted across the company, a Spotify spokesperson told Bloomberg.